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USD/CAD Analysis - page 56

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The pair almost reached 1.3080 - it bounced off from 1.3070 and it is currently retracing. The next target will likely be at 1.3000 - 1.2900.
It's looking bullish. If next week we see 1.3120 I'm considering going short on the pair.
It bounced off from 1.3000 after forming a hammer candlestick on the four-hour time-frame at that level. Next target is likely at 1.3070 again.
Consolidation on the USDCAD just above its 55 day EMA on the 1.2997 level with a good resistance at the 1.3081 level. The 1.3200 level may act as resistance if the pair continues higher, but to the downside, the 200 day EMA at the 1.2955 level may act as support.
USD/CAD bounced off from 1.3050 and currently continues moving to the downside, next target will likely be at 1.2950.

Looking bearish for now



The pair found some resistance at 1.3050 and bounced off from it. It is currently testing the support at 1.2920 and a breakout below that level could lead to a further move to the downside below 1.2900.
Seems to have consolidated around the 1.30 area. I don't think there will be anything major happening to this pair soon.
I agree, it is still testing 1.3000. Next target will likely be at 1.3070, which is the last high.
The USDCAD manages to break above the 200 day EMA at the 1.2955 level and the 55 day EMA at the 1.2997 level to reach a high around the 1.3044 level. To the upside, the 1.3081 level may act as resistance. To the bottom, the same moving averages mentioned may act as support.
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